Top 10 News Items 11/24-11/28: Citi Added to Gov't Bailout List; Fed Creates Two New Facilities Aimed at Improving Financial System Nov 28, 2008 01:07PM

Here is a recap of the top news items on Wall Street last week:

1. On Monday the U.S. govenment rescued embattled mega-bank Citi (NYSE: C). The U.S. Treasury will invest $20 billion in Citi preferred stock under the TARP. The government will guarantee $306 billion of Citi assets for another $7 billion in preferred stock. Citi will issue warrants to the U.S. Treasury and the FDIC for approximately 254 million shares of the company's common stock at a strike price of $10.61. Citi also agreed not to pay a quarterly common stock dividend exceeding $0.01 per share for three years.

2. The Federal Reserve will initiate a program to purchase the direct obligations of housing-related GSEs -- Fannie Mae, Freddie Mac, and the Federal Home Loan banks--and mortgage-backed securities (MBS) backed by Fannie Mae, Freddie Mac, and Ginnie Mae. Purchases ...


Flurry of Data Shows Major Economic Weakness Nov 26, 2008 12:00PM

Today the market was inundated with a flurry of negative economic data, which showed that major cracks are developing in the real economy. Data showed job losses are mounting, U.S. consumers are pulling back in a major way, new home sales were worse than dire projections and consumer confidence is waning.

Data today on the employment front showed that initial jobless claims last week were 529,000, with ...


Initial Jobless Claims Come in at 529,000, versus the consensus 535,000 Nov 26, 2008 08:30AM

Initial Jobless Claims ...


Trading Radar for 11/26: Deere (DE), Tiffany (TIF), Yingli (YGE) Report; Durable Orders, Initial Jobless Claims, Personal Income/Spending, Chicago PMI, UofM Sentiment Index Due Nov 25, 2008 03:33PM

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:

Before Market Opens:
Economics:
8:30am ET
Durable Orders for October - Street expects down 2.5%, compared to up ...


Initial Jobless Claims Come in Up 27,000 to 542,000, Versus The Consensus of 505,000 Nov 20, 2008 08:31AM

Initial Jobless Claims ...


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Nov 19, 2008 02:04PM Trading Radar for 11/20: Dell (DELL), salesforce.com (CRM), Gap (GPS), GameStop (GME), Barnes and Noble (BKS) Report; Initial Jobless Claims, Philly Fed Index Due
Nov 14, 2008 04:39PM Top 10 News Items 11/10-11/14: Fed Announces New AIG Bailout, Gov't Abandons Buying Troubled Assets, China Plans $586B Stimulus Package
Nov 13, 2008 08:30AM Initial Jobless Claims Come In At 516,000 Versus The Consensus of 480,000
Nov 12, 2008 03:11PM Trading Radar for 11/13: Wal-Mart (WMT), Kohl's (KSS), MedAssets (MDAS), Fortress (FIG), Urban Outfitters (URBN) Report; Initial Jobless Claims, Treasury Budget for October Due
Nov 6, 2008 08:31AM Initial Jobless Claims Come in at 481,000, versus the consensus of 477,000
Nov 5, 2008 05:59PM Trading Radar for 11/06: Disney (DIS), Anheuser-Busch (BUD), NVIDIA (NVDA), Nasdaq (NDAQ), Toyota (TM), Priceline.com (PCLN) Reports; Initial Jobless Claims, Preliminary Productivity for Q3 Due
Oct 30, 2008 08:31AM Initial Jobless Claims Come in at 479,000 versus the consensus of 475,000
Oct 29, 2008 06:01PM Trading Radar for 10/30: ExxonMobil (XOM), Motorola (MOT), Colgate-Palmolive (CL), Sun Microsystems (JAVA) Report; GDP for Q3, Initial Jobless Claims Due
Oct 23, 2008 08:31AM Initial Jobless Claims Come in at 478,000 versus the consensus of 468,000
Oct 22, 2008 03:09PM Trading Radar for 10/23: Microsoft (MSFT), Altria (MO), UPS (UPS), Dow (DOW), Bristol-Myers (BMY), Eli Lilly (LLY), Potash (POT), MEMC Electronic (WFR), Level 3 (LVLT) Report
Oct 16, 2008 03:55PM Stocks Rally Into the Close Despite Economic Sluggishness
Oct 16, 2008 11:49AM Economic Sluggishness Shows Its Face, Stocks Weaker
Oct 16, 2008 08:31AM Initial Jobless Claims Come in at 461,000 versus the consensus of 470,000
Oct 15, 2008 03:08PM Trading Radar for 10/16: Google (GOOG), Citi (C), Merrill Lynch (MER), Nokia (NOK), SunPower (SPWRA), AMD (AMD) Report; CPI, Crude Inventories, Initial Jobless Claims Due
Oct 9, 2008 08:30AM Initial Jobless Claims Down 20,000 To 478,000
Oct 8, 2008 02:33PM Trading Radar for 10/9: Chevron (CVX), Robbins & Myers (RBN), Int'l Speedway (ISCA) Report; Initial Jobless Claims, Wholesale Inventories Due
Oct 3, 2008 04:10PM Top 10 News Items 9/29-10/3: Financial Rescue Plan Approved, Markets Tank; Citigroup, Wells Fargo Battle for Wachovia; Buffett Surprises Wall Street with $3B Investment in GE
Oct 2, 2008 05:17PM Stocks Fall Ahead of House Bailout Vote On Slowdown Fears
Oct 2, 2008 08:30AM Initial Jobless Claims Came in at 497,000 versus the consensus of 475,000
Oct 1, 2008 03:10PM Trading Radar for 10/2: Marriott (MAR), Global Payments (GPN), Constellation Brands (STZ) Report; Initial Jobless Claims, Factor Orders Due
Sep 26, 2008 03:32PM Top 10 News Items 9/22-9/26: Markets Still Waiting for Deal on Bailout Plan; R.I.P. WaMu; Buffett Takes $5B Stake in Goldman
Sep 25, 2008 08:30AM Initial Jobless Claims Come in at 493,000 versus the consensus of 450,000
Sep 24, 2008 03:21PM Trading Radar for 9/25: Research In Motion (RIMM), Rite Aid (RAD), Accenture (ACN), Discover Financial (DFS) Report; Initial Jobless Claims, Durable Orders, New Home Sales Due
Sep 18, 2008 08:30AM Initial Jobless Claims Come in at 455,000 versus the consensus of 440,000
Sep 17, 2008 02:43PM Trading Radar for 9/18: FedEx (FDX), Oracle (ORCL), ConAgra (CAG), Palm (PALM) Report; Initial Jobless Claims, Leading Indicators for August Due
Sep 11, 2008 08:30AM Initial Jobless Claims Come in at 445,000 versus the consensus of 440,000
Sep 10, 2008 02:55PM Trading Radar for 9/11: Campbell Soup (CPB), lululemon (LULU) Report; Initial Jobless Claims, Import/Export Prices for August Due
Sep 4, 2008 03:01PM Dow Sinks 300 On Weak Retail, Economic Data
Sep 4, 2008 08:31AM Initial Jobless Claims come in at 444,000, verus the consensus of 420,000
Sep 3, 2008 02:29PM Trading Radar for 9/4: Toll (TOL), Take-Two (TTWO), Movado (MOV) Report; ADP Employment Report, Initial Jobless Claims, Crude Inventories Due
Aug 28, 2008 08:31AM Initial Jobless Claims Come in at 425,000, in-line with the consensus
Aug 27, 2008 05:37PM Trading Radar for 8/28: Dell (DELL), Energy Conversion Devices (ENER), Sears (SHLD), Sigma Designs (SIGM) Report; Preliminary Chain Deflator, GDP Due
Aug 21, 2008 08:30AM Initial Jobless Claims: Down 13K to 432K, vs. Consensus of 440K
Aug 20, 2008 05:38PM Trading Radar for 8/21: Gap (GPS), DryShips (DRYS), First Marblehead (FMD), Dick's (DKS), Burger King (BKC) Report; Initial Jobless Claims, Leading Indicators, Philly Fed Index Due
Aug 14, 2008 08:32AM Initial Jobless Claims come in at 450,000 versus the consensus of 435,000
Aug 13, 2008 05:05PM Trading Radar for 8/14: Wal-Mart (WMT), Kohl's (KSS), Nordstrom (JWN), Agilent (A) Report; CPI for July, Initial Jobless Claims Due
Aug 7, 2008 08:31AM Initial Jobless Claims come in at 455,000, versus the consensus of 425,000
Aug 6, 2008 05:35PM Trading Radar for 8/7: Sirius (SIRI), Blockbuster (BBI), MF Global (MF), Crocs (CROX) Report; Initial Jobless Claims, Pending Home Sales for June Due
Jul 31, 2008 08:31AM Initial Jobless Claims Came in at 448K, versus the consensus of 393K
Jul 30, 2008 05:49PM Trading Radar for 7/31: Exxon (XOM), Altria (MO), MasterCard (MA), Chesapeake Energy (CHK), Kellogg (K), Motorola (MOT) Report; GDP (Adv.) for Q2, Initial Jobless Claims, Chicago PMI Due
Jul 28, 2008 03:12PM Second Quarter GDP Release Set to Confirm or Deny U.S. Recessionary Fears
Jul 24, 2008 08:31AM Initial Jobless Claims came in at 406,000 versus the consensus of 380,000
Jul 23, 2008 05:51PM Trading Radar for 7/24: Ford (F), Dow (DOW), Bristol-Myers (BMY), Potash (POT), National City (NCC), Eli Lilly (LLY) Report; Initial Jobless Claims and Existing Home Sales Due
Jul 17, 2008 08:31AM Initial Jobless Claims come in a 366,000 versus the consensus 380,000
Jul 16, 2008 05:51PM Trading Radar 7/17: Google (GOOG), IBM (IBM), Microsoft (MSFT), Merrill (MER), JPMorgan (JPM), Coca-Cola (KO), Nokia (NOK) Report; Housing Starts, Jobless Claims Due
Jul 10, 2008 08:31AM Initial Jobless Claims come in at 346,000, versus the consensus of 395,000
Jul 9, 2008 05:29PM Trading Radar 7/10: Texas Industries (TXI), FCStone (FCSX), Chattem (CHTT) Report; Initial Jobless Claims Due
Jul 3, 2008 08:32AM Initial Jobless Claims come in at 404,000 versus the consensus of 385,000
Jul 2, 2008 05:38PM Trading Radar 7/3: Initial Jobless Claims, Nonfarm Payrolls and Unemployment Rate Due
Jun 26, 2008 08:31AM Initial Jobless Claims come in at 384,000, versus the consensus of 375,000
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